MyState Limited is a major Tasmanian based listed diversified financial group formed in September 2009 following the merger of MyState Financial (MSF), an authorised deposit-taking institution, and Tasmanian Perpetual Trustees (TPT), a trustee and wealth management company.
MSF and TPT are wholly owned subsidiaries of MyState Limited, a non-operating holding company.
The company aims to create value through:
- The ongoing development of the group by optimising the performance and improving productivity of MSF and TPT
- The stronger funding and capital position that is achieved with the greater scale of the combined businesses of MSF and TPT, which will support the growth strategies of the group
- Maximising the financial strength and scale of the two complementary businesses to improve the competitiveness of each company in their respective markets
- Increasing the strong brand affinity of MSF and TPT through the improved ability to offer more products and services to their respective customers
- Providing greater benefits for the existing customer base of more than 200,000 customers through the combination of the distribution networks of MSF and TPT and
- Improving the capacity for MSF and TPT to pursue expansion in both existing and new market segments as well as new geographic markets to increase customer and product diversity.
